You’ve got decent-to-great credit and low savings, right? That’s the average middle-income consumer in America we all are these days.
So, you want to buy a car (as we recently did) or something else to the tune of $25K or less, but the wildly fluctuating percentage rates make you anxious. Here’s an idea: instead of taking out that loan with 6%, put it on a 0% credit card (for the year duration).
Its almost like making 6% (by saving it) a year compared to having a full scale loan where you’re paying off the interest first anyway.
Just trying to get out of the rat race, my dear. Poor dad-style.
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